CVC Management Holdings II Ltd.

Fundamental diversified ★Signal consumer_discretionary specialist (97%) CIK 2023131
Long book
$419.7M
Q1 2026
Positions
3
Top-10 weight
100%
concentration
Last quarter
-2.9%
SPY +14.8%
Turnover
60%
of book per quarter

Strategy in plain words

auto-generated from filings

CVC Management Holdings II Ltd. is a diversified fundamental manager, specialised in consumer_discretionary (97% of the long book), running a $419.7M US long book across 3 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: PETCO HEALTH AND WELLNESS CO, ADVANTAGE SOLUTIONS INC, WW INTERNATIONAL INC-NEW.

Over the last 9 quarters its long book ran on average 3pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+22.5%
Q2 2024
+16.1%
Q3 2024
-10.9%
Q4 2024
-16.6%
Q1 2025
-3.5%
Q2 2025
+27.5%
Q3 2025
-17.2%
Q4 2025
-1.5%
Q1 2026
-2.9%

Sector allocation

Consumer discretionary
97%
Services media
3%

Long book by quarter

$791.6M
Q1 2024
$887.3M
Q2 2024
$1.02B
Q3 2024
$886.8M
Q4 2024
$723.8M
Q1 2025
$643.3M
Q2 2025
$818.1M
Q3 2025
$594.7M
Q4 2025
$419.7M
Q1 2026

What does CVC Management own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
WOOF PETCO HEALTH AND WELLNESS COConsumer discretionary145.9M$405.7M96.6%Held
ADV ADVANTAGE SOLUTIONS INCServices media611.6K$12.9M3.1%New
WW WW INTERNATIONAL INC-NEWServices media82.9K$1.1M0.3%-18.5%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 20263$419.7M canonicalSEC ↗
Q4 202513F-HRFeb 17, 20264$594.7M canonicalSEC ↗
Q3 202513F-HRNov 14, 20253$818.1M canonicalSEC ↗
Q2 202513F-HRAug 12, 20253$643.3M canonicalSEC ↗
Q1 202513F-HRMay 15, 20253$723.8M canonicalSEC ↗
Q4 202413F-HRFeb 14, 20253$886.8M canonicalSEC ↗
Q3 202413F-HRNov 14, 20244$1.02B canonicalSEC ↗
Q2 202413F-HR/ARESTATEMENTNov 14, 20244$887.3M canonicalSEC ↗
Q2 202413F-HRAug 14, 20244$1.10B SEC ↗
Q1 202413F-HR/ARESTATEMENTNov 14, 20244$791.6M canonicalSEC ↗
Q1 202413F-HRMay 15, 20244$1.07B SEC ↗